Crude Oil Production

• DOI: http://doi.org/10.1111/oet.3_12655
• Published date: 01 March 2020
• Date: 01 March 2020

OIL AND ENERGY TRENDS, MARCH 2020 OIL PRODUCTION 13

OIL AND ENERGY TRENDS, MARCH 2020

OIL PRODUCTION

Table 4.1 World Oil Production: Overview

(thousand barrels/day) Including NGL

1970 28,310 13,248 7,140 3,760 52,458

1980 27,476 16,915 12,110 6,661 63,162

1985 16,785 19,702 11,984 9,188 57,658

1990 24,709 18,564 11,048 11,154 65,475

1995 25,945 20,250 7,308 12,533 66,037

2000 32,855 19,049 11,974 15,935 79,813

2015 36,118 22,411 13,720 16,207 88,457

2016 37,844 22,162 13,776 16,045 89,827

2017 39,051 22,724 14,758 16,385 92,919

2018 37,117 24,791 15,181 16,300 93,388

2019 35,384 26,670 15,257 16,563 93,873

2017 Nov 38,841 23,380 14,873 16,553 93,648

Dec 38,888 23,019 15,006 16,586 93,499

2018 Jan 38,886 24,114 15,038 16,276 94,315

Feb 38,606 24,557 15,097 16,334 94,594

Mar 38,459 24,132 15,025 16,225 93,842

Apr 38,442 24,166 15,017 16,075 93,700

May 38,396 23,454 15,028 16,205 93,083

Jun 38,671 24,212 15,047 16,243 94,173

Jul 37,670 25,096 15,136 16,242 94,144

Aug 37,951 25,197 14,920 16,342 94,410

Sep 38,114 24,822 15,363 16,247 94,546

Oct 38,214 25,340 15,333 16,400 95,286

Nov 38,186 26,226 15,556 16,495 96,463

Dec 37,470 26,200 15,607 16,602 95,878

2019 Jan 36,661 26,305 15,552 16,516 95,034

Feb 36,452 26,532 15,565 16,461 95,010

Mar 35,917 26,474 15,399 16,373 94,163

Apr 36,087 26,498 14,808 16,292 93,685

May 35,986 25,672 14,932 16,494 93,084

Jun 35,604 25,723 15,211 16,547 93,086

Jul 35,504 26,266 15,181 16,360 93,311

Aug 35,508 27,144 15,186 16,689 94,527

Sep 33,627 26,909 15,219 16,718 92,474

Oct 34,403 27,106 15,204 16,751 93,464

Nov 34,531 27,870 15,408 16,810 94,619

Dec 34,322 27,602 15,415 16,704 94,043

2020 Jan 34,538 27,929 15,430 16,696 94,593

Table 4.2 OPEC Crude Oil Production

OPEC Crude Oil Production

Estimated OPEC NGL

(thousand barrels/day) Excluding NGL (thousand barrels per day)

2017 2018 2019 2019 2019 2019 2019 2019 2019 2019 2020 2017 2018 2019

Jun Jul Aug Sep Oct Nov Dec Jan

Middle East

Iran 3,790 3,590 2,450 2,400 2,280 2,260 2,200 2,150 2,120 2,120 2,120 730 730 590

Iraq 4,430 4,530 4,610 4,630 4,720 4,750 4,730 4,620 4,650 4,570 4,720 30 30 30

Kuwait 2,710 2,760 2,680 2,700 2,720 2,640 2,660 2,650 2,630 2,660 2,670 210 210 170

Neutral Zone ------ --------

Qatar 610 610 600 600 600 600 600 600 600 600 610 1,270 1,280 1,040

Saudi Arabia 9,960 10,310 9,770 9,780 9,690 9,760 8,310 9,880 9,920 9,810 9,760 1,860 1,890 1,830

UAE 2,980 2,970 3,050 3,070 3,030 3,030 3,060 3,080 3,070 3,020 3,180 670 630 550

Total OPEC Mid East 24,480 24,770 23,160 23,180 23,040 23,040 21,560 22,980 22,990 22,780 23,060 4,770 4,770 4,210

Africa

Algeria 1,060 1,040 1,020 1,000 1,000 1,030 1,020 1,020 1,020 1,020 1,020 590 590 480

Angola 1,650 1,550 1,390 1,420 1,400 1,390 1,390 1,380 1,270 1,340 1,310 17 17 17

Libya 820 980 1,130 1,080 1,220 1,150 1,220 1,260 1,250 1,150 1,150 50 40 40

Nigeria 1,710 1,830 1,860 1,900 1,850 1,920 1,880 1,900 1,850 1,820 1,850 37 37 30

Total OPEC Africa 5,240 5,400 5,400 5,400 5,470 5,490 5,510 5,560 5,390 5 ,330 5,330 694 684 567

Other OPEC

Ecuador 530 520 510 530 540 540 530 400 490 510 510 - - -

Venezuela 1,950 1,400 820 770 720 710 670 670 700 750 750 190 150 120

Indonesia

------ --------

Total OPEC Other 2,480 1,920 1,330 1,300 1,260 1,250 1,200 1,070 1,190 1,260 1,260 190 150 120

Total Opec ex NGLs 32,200 32,090 29,890 29,880 29,770 29,780 28,270 29,610 29,570 29,370 29,650

OPEC NGLs 5,654 5,604 4,897 5,724 5,734 5,728 5,357 4,793 4,961 4,952 4,888 5,654 5,604 4,897

Total OPEC incl. NGLs 37,854 37,694 34,787 35,604 35,504 35,508 33,627 34,403 34,531 34,322 34,538

Note: OPEC totals for tables 4.1 and 4.2 may differ due to rounding

OPEC-12 OECD-30 Total WorldCIS/FSU Other

90

91

92

93

94

95

96

97

million barrels per day

2017-2019

Total World Oil Production

30

31

32

33

34

35

36

37

38

39

40

million barrels per day

2017–2019

Total OPEC Oil Production